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    1168 Highway 71 Mena, AR 71953

    Sponsored
    For Sale
    $325,000

    0.31-Acre Lot, $325,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 0.31-acre commercial lot presents a unique investment opportunity in the thriving Mena, Arkansas market. Located at 1168 Hwy 71 S, this property boasts excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The expansive 0.31-acre parcel offers ample space for development, allowing for significant flexibility in design and construction. Its strategic location on Highway 71 South ensures high traffic volume and prominent exposure to potential customers. The property's size and location make it suitable for various uses, including retail establishments, restaurants, offices, or light industrial businesses. This is a rare chance to acquire a well-positioned commercial lot in a growing area with strong potential for return on investment. The asking price of $325,000 reflects the property's prime location and development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures provides a blank canvas for creating a custom-designed commercial space tailored to specific business needs. This presents a significant advantage, allowing for optimal utilization of the land and the creation of a property that perfectly aligns with the buyer's vision. Don't miss this opportunity to secure a valuable piece of Mena's commercial landscape.

    Property Features for 1168 Highway 71

    General Information

    Property type
    Other commercial real estate
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.24274
    Latitude
    34.57307

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    FAQs

    What type of property is this?
    Commercial real estate - 0.31-Acre Lot, $325,000
    Where is this commercial real estate located?
    The property is located at 1168 Highway 71 Mena, AR.
    What is the asking price?
    The asking price for this property is $325,000.
    Request Owner's contact information
    1168 Highway 71 Mena, AR 71953
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    Mena, AR 71953
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1168 Highway 71 Mena, AR 71953
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